The BCCI has known as an emergency assembly of its Apex Council on Friday to nominate former chief election commissioner Achal Kumar Jyoti because the electoral officer to conduct the polls for the positions of secretary and treasurer.
The 2 posts had been not too long ago vacated by Jay Shah (secretary) and Ashish Shelar (treasurer). Whereas Shah took cost as ICC chairman on December 1, Shelar took oath as a cupboard minister within the new Maharashtra authorities.
From the time an elected office-bearer resigns, the Board has 45 days to name for a Particular Normal Assembly and select his or her successor.
The BCCI additionally must appoint an electoral officer not less than 4 weeks previous to the election, as per the Structure.
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“Because the posts of Honorary Secretary and Honorary Treasurer have been vacated, the identical are required to be crammed up for the remaining interval at a Particular Normal Assembly by means of elections,” reads an official Board doc which is in PTI’s possession.
“On this regard, the Apex Council is requested to approve the appointment of Mr. Achal Kumar Jyoti, former Chief Election Commissioner of India, because the Electoral Officer to conduct BCCI elections at a Particular Normal Assembly,” it added.
The 71-year-old Jyoti, who’s a retired 1975 batch Gujarat cadre IAS officer, served as India’s chief election commissioner from July 2017 to January 2018. Presently, Assam’s Devajit Saikia is performing the duties of Board’s interim secretary, whereas the treasurer’s place is mendacity vacant.
Board’s financial institution steadiness soars
BCCI’s wholesome financial institution steadiness acquired more healthy this 12 months with an approximate improve of Rs 4200 crore, taking the general earnings to a whopping Rs 20,686 crore.
A significant chunk of BCCI’s income comes from the IPL media rights and bilateral cricket rights.
With India being the most important cricket market on the planet, the highly effective board additionally will get a lion’s share of income generated by the Worldwide Cricket Council (ICC).
Again in June 2022, the IPL media rights had been bought for an astronomical Rs 48,390 crore for a five-year interval.
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“The money and financial institution steadiness of BCCI has elevated from Rs 16,493 crores in FY2023 to INR 20,686 crores in FY 2024. This is a rise of roughly INR 4,200 crore,” learn a BCCI doc in possession of PTI.
The board was projected to earn Rs 7,476 crore in FY23-24 however the precise earnings stands at Rs 8,995 crore. The overall fund additionally elevated from Rs 6,365 crore to 7,988 crore.
Within the FY24-25, the BCCI is predicted to earn Rs 10,054 crore with the whole budgeted expenditure set at Rs 2,348 crore.
BCCI’s 38 state items rely closely on the board’s annual grants and as per the doc, the budgeted quantities because of the associations stand at Rs 499 crore.